Rent Finance
| Islamic Finance | Yes |
| Minimum Salary | AED 5,000 |
| Minimum Age | 21 years |
| Maximum Age | 65 years |
| UAE Nationals Eligible | Yes |
| Expatriates Eligible | Yes |
| Salaried Eligible | Yes |
| Self-Employed Eligible | No |
| Salary Transfer Required | Yes |
| Employment Criteria | At least 6 months with consistent salary transfers to Al Hilal Bank |
| Minimum Loan Amount | AED 5,000.00 |
| Maximum Loan Amount | AED 200,000.00 |
| Minimum Loan Tenure | 6 months |
| Maximum Loan Tenure | 48 months |
| Flat Interest Rate: | N/A |
| Reducing Interest Rate: | 4.25% - Profit rate based on length of tenancy contract and salary profile |
| Processing Fee: | 1.00% - One-time fee on financed amount for rent commitments |
| Early Settlement Fee: | 1.00% - Payable on outstanding balance if closed early |
| Late Payment Fee: | 0.00% - No conventional penalty, donation approach for tardy installments |
| Insurance Fee: | N/A - Bank may require Takaful coverage for financed portion |
Required Documents
Emirates ID, valid tenancy contract, salary certificate
Promotions
Limited-time promotions with lower profit or fee waivers
Additional Benefits
Helps spread rent cost across installments, avoiding lump-sum stress
Features:
Flexible plan to pay your annual rent in manageable portions
General Notes
Final approval depends on credit profile and internal policy
